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SUBSIDIARY GUARANTOR FINANCIAL INFORMATION (Tables) | 6 Months Ended
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Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Condensed Income Statement [Table Text Block] |
(Amounts in thousands) | Condensed Consolidating Statements of Operations For the Three Months Ended June 30, 2020
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 126,992 |  |  | $ | 286,874 |  |  | $ | (127,733 | ) |  | $ | 286,133 |
Cost of sales | 156 |  |  | 113,292 |  |  | 269,544 |  |  | (127,733 | ) |  | 255,259 |
Asset impairment | 1,007 |  |  | — |  |  | — |  |  | — |  |  | 1,007 |
Gross (loss) profit | (1,163 | ) |  | 13,700 |  |  | 17,330 |  |  | — |  |  | 29,867 |
Selling, general and administrative expenses | 5,698 |  |  | 2,178 |  |  | 20,565 |  |  | — |  |  | 28,441 |
Research and development expenses | 214 |  |  | 761 |  |  | 1,157 |  |  | — |  |  | 2,132 |
Royalty expense | 927 |  |  | 774 |  |  | 694 |  |  | — |  |  | 2,395 |
(Loss) income from operations | (8,002 | ) |  | 9,987 |  |  | (5,086 | ) |  | — |  |  | (3,101 | )
Interest expense | (7,103 | ) |  | (9 | ) |  | (896 | ) |  | — |  |  | (8,008 | )
Intercompany interest income (expense) | 529 |  |  | 528 |  |  | (1,057 | ) |  | — |  |  | — |
Foreign exchange loss | — |  |  | (136 | ) |  | 8,972 |  |  | — |  |  | 8,836 |
Other income (expense) | 395 |  |  | (111 | ) |  | (674 | ) |  | — |  |  | (390 | )
(Loss) income before income taxes | (14,181 | ) |  | 10,259 |  |  | 1,259 |  |  | — |  |  | (2,663 | )
Provision for income taxes | (1,447 | ) |  | 79 |  |  | 3,348 |  |  | — |  |  | 1,980 |
Equity in earnings of subsidiaries | 8,091 |  |  | — |  |  | 6,557 |  |  | (14,648 | ) |  | — |
Net (loss) income | (4,643 | ) |  | 10,180 |  |  | 4,468 |  |  | (14,648 | ) |  | (4,643 | )
Net loss attributable to noncontrolling interests | — |  |  | — |  |  | 402 |  |  | — |  |  | 402 |
Net (loss) income attributable to Titan | $ | (4,643 | ) |  | $ | 10,180 |  |  | $ | 4,066 |  |  | $ | (14,648 | ) |  | $ | (5,045 | )
(Amounts in thousands) | Condensed Consolidating Statements of Operations For the Three Months Ended June 30, 2019
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 111,162 |  |  | $ | 391,301 |  |  | $ | (111,866 | ) |  | $ | 390,597 |
Cost of sales | (11 | ) |  | 99,275 |  |  | 364,891 |  |  | (111,866 | ) |  | 352,289 |
Gross profit | 11 |  |  | 11,887 |  |  | 26,410 |  |  | — |  |  | 38,308 |
Selling, general and administrative expenses | 2,030 |  |  | 11,596 |  |  | 22,120 |  |  | — |  |  | 35,746 |
Research and development expenses | 228 |  |  | 756 |  |  | 1,560 |  |  | — |  |  | 2,544 |
Royalty expense | 401 |  |  | 1,073 |  |  | 974 |  |  | — |  |  | 2,448 |
(Loss) income from operations | (2,648 | ) |  | (1,538 | ) |  | 1,756 |  |  | — |  |  | (2,430 | )
Interest expense | (7,243 | ) |  | — |  |  | (1,052 | ) |  | — |  |  | (8,295 | )
Intercompany interest income (expense) | 644 |  |  | 880 |  |  | (1,524 | ) |  | — |  |  | — |
Foreign exchange (loss) gain | 16 |  |  | 55 |  |  | (1,310 | ) |  | — |  |  | (1,239 | )
Other income (expense) | 612 |  |  | (798 | ) |  | 2,255 |  |  | — |  |  | 2,069 |
(Loss) income before income taxes | (8,619 | ) |  | (1,401 | ) |  | 125 |  |  | — |  |  | (9,895 | )
Provision for income taxes | (7,676 | ) |  | 132 |  |  | 4,326 |  |  | — |  |  | (3,218 | )
Equity in earnings of subsidiaries | (5,734 | ) |  | — |  |  | (205 | ) |  | 5,939 |  |  | — |
Net income (loss) | (6,677 | ) |  | (1,533 | ) |  | (4,406 | ) |  | 5,939 |  |  | (6,677 | )
Net loss attributable to noncontrolling interests | — |  |  | — |  |  | (253 | ) |  | — |  |  | (253 | )
Net income (loss) attributable to Titan | $ | (6,677 | ) |  | $ | (1,533 | ) |  | $ | (4,153 | ) |  | $ | 5,939 |  |  | $ | (6,424 | )
(Amounts in thousands) | Condensed Consolidating Statements of Operations For the Six Months Ended June 30, 2020
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 286,960 |  |  | $ | 628,560 |  |  | $ | (287,887 | ) |  | $ | 627,633 |
Cost of sales | 322 |  |  | 258,842 |  |  | 595,659 |  |  | (287,887 | ) |  | 566,936 |
Asset impairment | 1,007 |  |  | — |  |  | 2,579 |  |  | — |  |  | 3,586 |
Gross (loss) profit | (1,329 | ) |  | 28,118 |  |  | 30,322 |  |  | — |  |  | 57,111 |
Selling, general and administrative expenses | 11,339 |  |  | 4,144 |  |  | 44,915 |  |  | — |  |  | 60,398 |
Research and development expenses | 454 |  |  | 1,470 |  |  | 2,618 |  |  | — |  |  | 4,542 |
Royalty expense | 1,493 |  |  | 1,839 |  |  | 1,543 |  |  | — |  |  | 4,875 |
(Loss) income from operations | (14,615 | ) |  | 20,665 |  |  | (18,754 | ) |  | — |  |  | (12,704 | )
Interest expense | (14,264 | ) |  | (15 | ) |  | (1,764 | ) |  | — |  |  | (16,043 | )
Intercompany interest income (expense) | 1,060 |  |  | 1,179 |  |  | (2,239 | ) |  | — |  |  | — |
Foreign exchange loss | — |  |  | (882 | ) |  | (7,524 | ) |  | — |  |  | (8,406 | )
Other income (expense) | 1,017 |  |  | (261 | ) |  | 6,290 |  |  | — |  |  | 7,046 |
(Loss) income before income taxes | (26,802 | ) |  | 20,686 |  |  | (23,991 | ) |  | — |  |  | (30,107 | )
Provision for income taxes | (1,912 | ) |  | 177 |  |  | 3,770 |  |  | — |  |  | 2,035 |
Equity in earnings of subsidiaries | (7,252 | ) |  | — |  |  | 14,070 |  |  | (6,818 | ) |  | — |
Net (loss) income | (32,142 | ) |  | 20,509 |  |  | (13,691 | ) |  | (6,818 | ) |  | (32,142 | )
Net loss attributable to noncontrolling interests | — |  |  | — |  |  | (1,611 | ) |  | — |  |  | (1,611 | )
Net (loss) income attributable to Titan | $ | (32,142 | ) |  | $ | 20,509 |  |  | $ | (12,080 | ) |  | $ | (6,818 | ) |  | $ | (30,531 | )
(Amounts in thousands) | Condensed Consolidating Statements of Operations For the Six Months Ended June 30, 2019
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 235,943 |  |  | $ | 801,576 |  |  | $ | (236,548 | ) |  | $ | 800,971 |
Cost of sales | 141 |  |  | 205,791 |  |  | 748,015 |  |  | (236,548 | ) |  | 717,399 |
Gross (loss) profit | (141 | ) |  | 30,152 |  |  | 53,561 |  |  | — |  |  | 83,572 |
Selling, general and administrative expenses | 3,181 |  |  | 23,204 |  |  | 45,266 |  |  | — |  |  | 71,651 |
Research and development expenses | 492 |  |  | 1,585 |  |  | 3,084 |  |  | — |  |  | 5,161 |
Royalty expense | 1,064 |  |  | 2,145 |  |  | 1,845 |  |  | — |  |  | 5,054 |
(Loss) income from operations | (4,878 | ) |  | 3,218 |  |  | 3,366 |  |  | — |  |  | 1,706 |
Interest expense | (14,170 | ) |  | — |  |  | (2,058 | ) |  | — |  |  | (16,228 | )
Intercompany interest income (expense) | 1,274 |  |  | 1,890 |  |  | (3,164 | ) |  | — |  |  | — |
Foreign exchange loss | (22 | ) |  | (4 | ) |  | 4,510 |  |  | — |  |  | 4,484 |
Other income (expense) | 943 |  |  | (1,077 | ) |  | 3,199 |  |  | — |  |  | 3,065 |
(Loss) income before income taxes | (16,853 | ) |  | 4,027 |  |  | 5,853 |  |  | — |  |  | (6,973 | )
Provision for income taxes | (7,026 | ) |  | 283 |  |  | 5,440 |  |  | — |  |  | (1,303 | )
Equity in earnings of subsidiaries | 4,157 |  |  | — |  |  | 531 |  |  | (4,688 | ) |  | — |
Net (loss) income | (5,670 | ) |  | 3,744 |  |  | 944 |  |  | (4,688 | ) |  | (5,670 | )
Net loss attributable to noncontrolling interests | — |  |  | — |  |  | (1,224 | ) |  | — |  |  | (1,224 | )
Net (loss) income attributable to Titan | $ | (5,670 | ) |  | $ | 3,744 |  |  | $ | 2,168 |  |  | $ | (4,688 | ) |  | $ | (4,446 | )
(Amounts in thousands) | Condensed Consolidating Statements of Comprehensive Loss For the Three Months Ended June 30, 2020
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net (loss) income | $ | (4,643 | ) |  | $ | 10,180 |  |  | $ | 4,468 |  |  | $ | (14,648 | ) |  | $ | (4,643 | )
Derivative loss | (198 | ) |  | — |  |  | (198 | ) |  | 198 |  |  | (198 | )
Currency translation adjustment | 1,014 |  |  | — |  |  | 1,014 |  |  | (1,014 | ) |  | 1,014 |
Pension liability adjustments, net of tax | 40 |  |  | 667 |  |  | (627 | ) |  | (40 | ) |  | 40 |
Comprehensive (loss) income | (3,787 | ) |  | 10,847 |  |  | 4,657 |  |  | (15,504 | ) |  | (3,787 | )
Net comprehensive loss attributable to redeemable and noncontrolling interests | — |  |  | — |  |  | 893 |  |  | — |  |  | 893 |
Comprehensive (loss) income attributable to Titan | $ | (3,787 | ) |  | $ | 10,847 |  |  | $ | 3,764 |  |  | $ | (15,504 | ) |  | $ | (4,680 | )
Condensed Statement of Comprehensive Income [Table Text Block] |
(Amounts in thousands) | Condensed Consolidating Statements of Comprehensive Loss For the Three Months Ended June 30, 2020
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net (loss) income | $ | (4,643 | ) |  | $ | 10,180 |  |  | $ | 4,468 |  |  | $ | (14,648 | ) |  | $ | (4,643 | )
Derivative loss | (198 | ) |  | — |  |  | (198 | ) |  | 198 |  |  | (198 | )
Currency translation adjustment | 1,014 |  |  | — |  |  | 1,014 |  |  | (1,014 | ) |  | 1,014 |
Pension liability adjustments, net of tax | 40 |  |  | 667 |  |  | (627 | ) |  | (40 | ) |  | 40 |
Comprehensive (loss) income | (3,787 | ) |  | 10,847 |  |  | 4,657 |  |  | (15,504 | ) |  | (3,787 | )
Net comprehensive loss attributable to redeemable and noncontrolling interests | — |  |  | — |  |  | 893 |  |  | — |  |  | 893 |
Comprehensive (loss) income attributable to Titan | $ | (3,787 | ) |  | $ | 10,847 |  |  | $ | 3,764 |  |  | $ | (15,504 | ) |  | $ | (4,680 | )
(Amounts in thousands) | Condensed Consolidating Statements of Comprehensive Loss For the Three Months Ended June 30, 2019
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) | $ | (6,677 | ) |  | $ | (1,533 | ) |  | $ | (4,406 | ) |  | $ | 5,939 |  |  | $ | (6,677 | )
Currency translation adjustment | 5,423 |  |  | — |  |  | 5,423 |  |  | (5,423 | ) |  | 5,423 |
Pension liability adjustments, net of tax | 538 |  |  | 753 |  |  | (215 | ) |  | (538 | ) |  | 538 |
Comprehensive (loss) income | (716 | ) |  | (780 | ) |  | 802 |  |  | (22 | ) |  | (716 | )
Net comprehensive loss attributable to redeemable and noncontrolling interests | — |  |  | — |  |  | 385 |  |  | — |  |  | 385 |
Comprehensive (loss) income attributable to Titan | $ | (716 | ) |  | $ | (780 | ) |  | $ | 417 |  |  | $ | (22 | ) |  | $ | (1,101 | )
(Amounts in thousands) | Condensed Consolidating Statements of Comprehensive Loss For the Six Months Ended June 30, 2020
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) | $ | (32,142 | ) |  | $ | 20,509 |  |  | $ | (13,691 | ) |  | $ | (6,818 | ) |  | $ | (32,142 | )
Derivative loss | (198 | ) |  | — |  |  | (198 | ) |  | 198 |  |  | (198 | )
Currency translation adjustment | (32,772 | ) |  | — |  |  | (32,772 | ) |  | 32,772 |  |  | (32,772 | )
Pension liability adjustments, net of tax | 1,348 |  |  | 1,334 |  |  | 14 |  |  | (1,348 | ) |  | 1,348 |
Comprehensive (loss) income | (63,764 | ) |  | 21,843 |  |  | (46,647 | ) |  | 24,804 |  |  | (63,764 | )
Net comprehensive loss attributable to redeemable and noncontrolling interests | — |  |  | — |  |  | (2,902 | ) |  | — |  |  | (2,902 | )
Comprehensive (loss) income attributable to Titan | $ | (63,764 | ) |  | $ | 21,843 |  |  | $ | (43,745 | ) |  | $ | 24,804 |  |  | $ | (60,862 | )
(Amounts in thousands) | Condensed Consolidating Statements of Comprehensive Loss For the Six Months Ended June 30, 2019
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) | $ | (5,670 | ) |  | $ | 3,744 |  |  | $ | 944 |  |  | $ | (4,688 | ) |  | $ | (5,670 | )
Currency translation adjustment | 1,044 |  |  | — |  |  | 1,044 |  |  | (1,044 | ) |  | 1,044 |
Pension liability adjustments, net of tax | 1,004 |  |  | 1,506 |  |  | (502 | ) |  | (1,004 | ) |  | 1,004 |
Comprehensive (loss) income | (3,622 | ) |  | 5,250 |  |  | 1,486 |  |  | (6,736 | ) |  | (3,622 | )
Net comprehensive loss attributable to redeemable and noncontrolling interests | — |  |  | — |  |  | 317 |  |  | — |  |  | 317 |
Comprehensive (loss) income attributable to Titan | $ | (3,622 | ) |  | $ | 5,250 |  |  | $ | 1,169 |  |  | $ | (6,736 | ) |  | $ | (3,939 | )
Condensed Balance Sheet [Table Text Block] |
(Amounts in thousands) | Condensed Consolidating Balance Sheets June 30, 2020
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 911 |  |  | $ | 4 |  |  | $ | 79,245 |  |  | $ | — |  |  | $ | 80,160 |
Accounts receivable, net | — |  |  | — |  |  | 192,410 |  |  | — |  |  | 192,410 |
Inventories | (1,007 | ) |  | 30,040 |  |  | 265,504 |  |  | — |  |  | 294,537 |
Prepaid and other current assets | 3,247 |  |  | 16,724 |  |  | 54,123 |  |  | — |  |  | 74,094 |
Total current assets | 3,151 |  |  | 46,768 |  |  | 591,282 |  |  | — |  |  | 641,201 |
Property, plant and equipment, net | 9,675 |  |  | 86,733 |  |  | 241,238 |  |  | — |  |  | 337,646 |
Investment in subsidiaries | 727,559 |  |  | — |  |  | 76,936 |  |  | (804,495 | ) |  | — |
Other assets | 2,015 |  |  | 4,863 |  |  | 45,569 |  |  | — |  |  | 52,447 |
Total assets | $ | 742,400 |  |  | $ | 138,364 |  |  | $ | 955,025 |  |  | $ | (804,495 | ) |  | $ | 1,031,294 |
Liabilities and Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term debt | $ | 617 |  |  | $ | 174 |  |  | $ | 39,993 |  |  | $ | — |  |  | $ | 40,784 |
Accounts payable | 2,044 |  |  | 20,995 |  |  | 113,763 |  |  | — |  |  | 136,802 |
Other current liabilities | 24,387 |  |  | 21,226 |  |  | 75,372 |  |  | — |  |  | 120,985 |
Total current liabilities | 27,048 |  |  | 42,395 |  |  | 229,128 |  |  | — |  |  | 298,571 |
Long-term debt | 425,576 |  |  | 384 |  |  | 36,280 |  |  | — |  |  | 462,240 |
Other long-term liabilities | 1,453 |  |  | 14,583 |  |  | 52,790 |  |  | — |  |  | 68,826 |
Intercompany accounts | 71,986 |  |  | (441,171 | ) |  | 369,185 |  |  | — |  |  | — |
Redeemable noncontrolling interest | — |  |  | — |  |  | 25,000 |  |  | — |  |  | 25,000 |
Titan shareholders' equity | 216,337 |  |  | 522,173 |  |  | 241,358 |  |  | (804,495 | ) |  | 175,373 |
Noncontrolling interests | — |  |  | — |  |  | 1,284 |  |  | — |  |  | 1,284 |
Total liabilities and equity | $ | 742,400 |  |  | $ | 138,364 |  |  | $ | 955,025 |  |  | $ | (804,495 | ) |  | $ | 1,031,294 |
(Amounts in thousands) | Condensed Consolidating Balance Sheets December 31, 2019
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 2,843 |  |  | $ | 4 |  |  | $ | 63,952 |  |  | $ | — |  |  | $ | 66,799 |
Accounts receivable, net | — |  |  | 2 |  |  | 185,236 |  |  | — |  |  | 185,238 |
Inventories | — |  |  | 41,088 |  |  | 292,268 |  |  | — |  |  | 333,356 |
Prepaid and other current assets | 3,217 |  |  | 17,352 |  |  | 38,300 |  |  | — |  |  | 58,869 |
Total current assets | 6,060 |  |  | 58,446 |  |  | 579,756 |  |  | — |  |  | 644,262 |
Property, plant and equipment, net | 10,646 |  |  | 91,734 |  |  | 272,418 |  |  | — |  |  | 374,798 |
Investment in subsidiaries | 763,336 |  |  | — |  |  | 61,019 |  |  | (824,355 | ) |  | — |
Other assets | 3,405 |  |  | 4,211 |  |  | 87,631 |  |  | — |  |  | 95,247 |
Total assets | $ | 783,447 |  |  | $ | 154,391 |  |  | $ | 1,000,824 |  |  | $ | (824,355 | ) |  | $ | 1,114,307 |
Liabilities and Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term debt | $ | 514 |  |  | $ | 69 |  |  | $ | 60,670 |  |  | $ | — |  |  | $ | 61,253 |
Accounts payable | 4,951 |  |  | 18,455 |  |  | 135,241 |  |  | — |  |  | 158,647 |
Other current liabilities | 20,912 |  |  | 17,941 |  |  | 68,400 |  |  | — |  |  | 107,253 |
Total current liabilities | 26,377 |  |  | 36,465 |  |  | 264,311 |  |  | — |  |  | 327,153 |
Long-term debt | 433,242 |  |  | 201 |  |  | 9,906 |  |  | — |  |  | 443,349 |
Other long-term liabilities | 5,211 |  |  | 15,242 |  |  | 59,364 |  |  | — |  |  | 79,817 |
Intercompany accounts | 42,798 |  |  | (397,847 | ) |  | 355,049 |  |  | — |  |  | — |
Redeemable noncontrolling interest | — |  |  | — |  |  | 25,000 |  |  | — |  |  | 25,000 |
Titan shareholders' equity | 275,819 |  |  | 500,330 |  |  | 283,057 |  |  | (824,355 | ) |  | 234,851 |
Noncontrolling interests | — |  |  | — |  |  | 4,137 |  |  | — |  |  | 4,137 |
Total liabilities and equity | $ | 783,447 |  |  | $ | 154,391 |  |  | $ | 1,000,824 |  |  | $ | (824,355 | ) |  | $ | 1,114,307 |
Condensed Cash Flow Statement [Table Text Block] |
(Amounts in thousands) | Condensed Consolidating Statements of Cash Flows For the Six Months Ended June 30, 2020
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated
Net cash provided by (used for) operating activities | $ | 6,494 |  |  | $ | 2,112 |  |  | $ | (3,105 | ) |  | $ | 5,501 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (2,400 | ) |  | (6,002 | ) |  | (8,402 | )
Sale of Wheels India Limited shares | — |  |  | — |  |  | 15,722 |  |  | 15,722 |
Insurance proceeds | — |  |  | — |  |  | 4,936 |  |  | 4,936 |
Other, net | 191 |  |  | — |  |  | (549 | ) |  | (358 | )
Net cash (used for) provided by investing activities | 191 |  |  | (2,400 | ) |  | 14,107 |  |  | 11,898 |
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings | 31,264 |  |  | 333 |  |  | 45,201 |  |  | 76,798 |
Payment on debt | (39,278 | ) |  | (45 | ) |  | (34,688 | ) |  | (74,011 | )
Dividends paid | (603 | ) |  | — |  |  | — |  |  | (603 | )
Other financing activities | — |  |  | — |  |  | 608 |  |  | 608 |
Net cash (used for) provided by financing activities | (8,617 | ) |  | 288 |  |  | 11,121 |  |  | 2,792 |
Effect of exchange rate change on cash | — |  |  | — |  |  | (6,830 | ) |  | (6,830 | )
Net increase (decrease) in cash and cash equivalents | (1,932 | ) |  | — |  |  | 15,293 |  |  | 13,361 |
Cash and cash equivalents, beginning of period | 2,843 |  |  | 4 |  |  | 63,952 |  |  | 66,799 |
Cash and cash equivalents, end of period | $ | 911 |  |  | $ | 4 |  |  | $ | 79,245 |  |  | $ | 80,160 |
(Amounts in thousands) | Condensed Consolidating Statements of Cash Flows For the Six Months Ended June 30, 2019
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated
Net cash (used for) provided by operating activities | $ | (16,658 | ) |  | $ | 4,213 |  |  | $ | 2,444 |  |  | $ | (10,001 | )
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | (21 | ) |  | (4,396 | ) |  | (12,308 | ) |  | (16,725 | )
Payment related to redeemable noncontrolling interest agreement | (41,000 | ) |  | — |  |  | — |  |  | (41,000 | )
Other, net | — |  |  | 182 |  |  | 1,053 |  |  | 1,235 |
Net cash used for investing activities | (41,021 | ) |  | (4,214 | ) |  | (11,255 | ) |  | (56,490 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings | 50,000 |  |  | — |  |  | 42,723 |  |  | 92,723 |
Payment on debt | (9,000 | ) |  | — |  |  | (33,083 | ) |  | (42,083 | )
Dividends paid | (599 | ) |  | — |  |  | — |  |  | (599 | )
Net cash provided by financing activities | 40,401 |  |  | — |  |  | 9,640 |  |  | 50,041 |
Effect of exchange rate change on cash | — |  |  | — |  |  | 1,131 |  |  | 1,131 |
Net increase (decrease) in cash and cash equivalents | (17,278 | ) |  | (1 | ) |  | 1,960 |  |  | (15,319 | )
Cash and cash equivalents, beginning of period | 23,630 |  |  | 4 |  |  | 58,051 |  |  | 81,685 |
Cash and cash equivalents, end of period | $ | 6,352 |  |  | $ | 3 |  |  | $ | 60,011 |  |  | $ | 66,366 |

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